Filatex to invest Rs 400 cr in capacity expansion

Filatex India, a manufacturer of polyester yarn, plans to invest around Rs 400 crore in expanding the capacity of its plants in Dadra and Dahej, besides setting up a captive power plant to reduce the company’s energy costs.

The Delhi-based company has earmarked Rs 275 crore to augment the yarn manufacturing and polymerisation capacity of its plants from 3.28 lakh MT per annum to 3.65 lakh MT by next year. A 30-MW captive power plant, with an investment of Rs 145 crore, in Dahej would be operational by 2020.

The company, which exports manmade yarn to 34 countries globally, also has in the pipeline a fabric plant to make fabrics from the yarn it produces. Its yarn is used in manufacture of carpets, rugs, tapes, ribbons and zippers.